Investor Presentation (01/24/2025 00: 00

FULT

INVESTOR PRESENTATION

z

Data as of or for the period ended December 31, 2024 unless otherwise noted

A Growing & Well-Positioned for Franchise

Map includes counties with a f inancial center and/or a loan production of f ice ("LPO") and incorporated cities in Mary land and Virginia with a f inancial center and/or LPO.

3 to the calculation and management's reasons for using this measure on slides titled "Non-GAAP Reconciliation" at the end of this presentation. (5) Based on current quarterly common dividend of $0.18 per share and closing stock price of $21.11 per share as of January 21, 2024. (6) No shares were repurchased in the fourth quarter of 2024. Authorization expires December 31, 2025. Up to $25 million of

this authorization may be used to repurchase the Corporation's preferred stock.

Fulton is Geographically Diversified with Top Share in Key Markets

Fulton Financial Corporation (2024)

Markets by MSA (2024)

Metropolitan Statistical Area (MSA)

Market

Branches #

Total Deposits

Total Deposit

Branches

Total Deposits

Median

5 yr Cumulative

5 yr Cumulative

Rank

($000)

Market Share

#

($000)

Household

Projected Household

Projected

(%)

Income ($)

Income Growth

Population Growth

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

10

89

8,266,903

1.35

1,403

611,069,124

85,735

8.0%

1.3%

Lancaster, PA

1

20

5,022,542

29.39

151

17,089,823

81,945

10.5%

2.1%

Allentown-Bethlehem-Easton, PA-NJ

4

16

1,951,571

8.82

188

22,118,493

78,832

9.0%

2.2%

New York-Newark-Jersey City, NY-NJ

100

19

1,768,525

0.05

4,318

3,660,415,135

92,406

6.8%

0.4%

York-Hanover, PA

3

10

1,242,768

12.69

100

9,796,109

78,869

9.3%

2.3%

Baltimore-Columbia-Towson, MD

11

15

1,153,414

1.18

538

97,924,399

93,736

7.8%

1.3%

Lebanon, PA

1

6

1,088,621

35.84

32

3,037,352

78,708

12.7%

2.2%

Harrisburg-Carlisle, PA

7

8

818,218

4.24

146

19,304,433

79,115

9.2%

3.4%

Reading, PA

7

7

794,356

3.84

89

20,696,076

73,972

8.6%

1.7%

Hagerstown-Martinsburg, MD-WV

3

6

611,999

10.97

71

5,579,324

72,092

10.4%

4.5%

Top 10 Fulton Financial Corporation MSAs (1)

196

22,718,917

0.51

7,036

4,467,030,268

78,992

7.1%

0.6%

Total Franchise

235

25,761,661

0.51

5,023,593,164

78,708

6.9%

0.7%

Nationwide

73,874

10.1%

2.4%

Note: Data as of June 30, 2024 per S&P Capital IQ; FDIC Summary of Deposits.

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(1) Median Household ("HH") Income; 2024 - 2029 Projected Population Change and Projected HHIncome Change are weighted by deposits in each MSA.

A Balanced Business Model

Premier Franchise

that Provides

Expanding

and Innovative

Solutions

Robust

Combination of

Diversified

Business Lines and

Fee Income

Businesses

Dynamic Growth

Strategy Blending

an Organic Engine

with Inorganic

Opportunities

Attractive Risk-

Adjusted

Profitability and

Returns

• Room to grow in markets that we know and continue to penetrate both organically and inorganically

Source: Management reporting and internal financials at December 31, 2024.

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(1) Excludes acquisition-related adjustments. (2) AUM/AUA defined as assets under management and assets under administration. (3 ) For a list of peers please see page 32 of the

Corporation's proxy statement dated April 1, 2024. (4) Non-GAAP financial measure. Please refer to the calculation and management's reasons for using this measure on slides titled

"Non-GAAP Reconciliation" at the end of this presentation.

Robust and Scalable Product Suite

Well positioned to compete in and serve our market

• Significant technology spend over the past five years​

o Focus on digital enablement as a driver of growth, efficiency and service

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We Do What Is Right

Environmental, Social & Governance ("ESG")

understanding of, and reporting on, climate-related risks and activities.

READ THE REPORT

Protecting the

Environment

Environment

The Corporation is committed to practicing environmental stewardship in its everyday operations

Operational measures like waste reduction and smart energy use, as well as financing sustainable projects are core to these efforts

Changing Lives for the Better

Employees

The Corporation is committed to creating a workforce that reflects its communities and values diversity, equity and inclusion

Customers

The Corporation has a proven track record of fair and responsible banking - rated "Outstanding" for Community Reinvestment Act performance

Community

Employees live and work in the communities we serve and want to see these communities thrive. Through the Fulton Forward® initiative, the Corporation gives back by paying it forward

Corporate

Governance

Governance

Core values and guiding behavior lead the Corporation to demonstrate the highest professional and ethical standards in all business activities

The Corporation operates under a robust board- and management-level enterprise risk management structure

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Deepens Our Commitment To Purpose, Vision, & Strategic Execution By Three Key Tenets

Simplicity in the operating model

- Realign value propositions and

coverage models by customer size and

complexity

Focus on Fulton's core relationships

- Redesign end-to-end processes with

single ownership to deliver superior

customer experience

- Simplify organizational structures

Productivity across the Bank

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Success to Date Positions Fulton Well for 2025 and Beyond

Estimated FultonFirst Financial Benefits

2025 estimated cost saves of ~$25 million

•Anticipate ~45% in 1H25; balance in 2H25

Estimated annual full realized benefit of

greater than $50 million

•Fully realized in 2026

Positioning for Growth

Implementation costs associated with FultonFirst should abate through 2025:

Anticipated earn-back period of less than 12

months

•Based on full implementation run-rate

Reinvestment towards revenue generating

initiatives evident in 2026 and later

•Reorganizing commercial segments based on customer needs and expectations

•Focus and dedicated leadership of our Business Banking segment

•Market realignment for quicker decisioning

Creating Efficiency & Operating Leverage

FultonFirst and full-year Republic Bank cost saves should drive 2025 total operating expense efficiencies

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2025 Operating Guidance

Income Statement Line Item

Expected Range

Outlook and Highlights

Non-FTE Net Interest Income(1)

$995 million - $1.020 billion

Low to mid single digit interest earning asset growth

[ FTE Adjustment for NIM calculation ]

[ ~$17 million annualized ]

Provision for Credit Losses

$60 - $80 million

Low to mid single digit loan growth and continued

credit trends

Non-Interest Income

$265 - $280 million

Steady customer activity offset by the impact of

higher rates on transactional businesses

Non-Interest Expense (Operating)(2)

$755 - $775 million

Relatively flat to 2024 due to full impact of Republic

and phasing in of FultonFirst initiatives

Non Operating Assumptions:

[ 2025 CDI expense ]

[ $22.5 million ]

[2H '25 steps down to $5.2 mm / qtr from $6.1 mm / qtr. ]

[ Non-Operating Expenses ]

[ $14 million ]

[ Estimated 2025 FultonFirst implementation expenses ]

Effective Tax Rate:

18.0% +/-

(1)NII is on a Non-fullytaxable-equivalent ("FTE") basis; Incorporates Fed Funds Rate decreases of 25 basis points inMarch and 25 basis points in June of 2025.

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(2)

Excludes non-operating expenses and Core Deposit Intangible ("CDI") Amortization.

Disclaimer

Fulton Financial Corporation published this content on January 24, 2025, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on January 24, 2025 at 21:57:46.559.